Canadian Mortgage Rates,
Calculators, News & Insurance
Calculators, News & Insurance
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2011: | 12.06% | 0.08% |
| 2010: | 15.59% | 0.10% |
| 2009: | 16.77% | 0.11% |
| 2008: | 13.53% | 0.09% |
| 2007: | 9.12% | 0.06% |
| 2006: | 6.18% | 0.04% |
| 2005: | 6.47% | 0.04% |
| 2004: | 10.59% | 0.07% |
| 2003: | 6.76% | 0.04% |
| 2002: | 2.94% | 0.02% |
The following shows the individual monthly volume history for Internet mortgage pre-approval applications sent from Cambridge, ON.
The following bar graph displays the volumes of Web applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Cambridge seem to occur during our second quarter (represented by the green bars) with 29.41% while our slowest is the fourth quarter (represented by the red bars) with 16.76%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | May: | 11.2% | |
| 2: | April: | 10.6% | |
| 3: | August: | 10.0% | |
| 4: | March: | 9.7% | |
| 5: | July: | 8.8% | |
| 6: | September: | 8.8% | |
| 7: | January: | 8.2% | |
| 8: | February: | 8.2% | |
| 9: | June: | 7.7% | |
| 10: | October: | 6.8% | |
| 11: | November: | 5.6% | |
| 12: | December: | 4.4% |
The bar graph listed below displays the busy days for online inquiries that were received by CanEquity. Each day is a representation of the combined 6-year total of all instances of that day. In Cambridge, the day with the most volume, generating 17.06% of all applications, is Monday. In comparison, Friday's are the slowest day with only 10.88% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Monday: | 17.1% | |
| 2: | Wednesday: | 16.8% | |
| 3: | Tuesday: | 16.2% | |
| 4: | Sunday: | 14.1% | |
| 5: | Thursday: | 13.8% | |
| 6: | Saturday: | 11.2% | |
| 7: | Friday: | 10.9% |
Cambridge mortgage applications are received 24 hours a day via the CanEquity web site. The information shown below indicates the busy hours in the day. The data is taken from all days of all years. Only 37.4% of all mortgages are received during the morning, while 61.2% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 00:00 to 00:59: | 0.9% |
| 01:00 to 01:59: | 0.6% |
| 03:00 to 03:59: | 0.3% |
| 04:00 to 04:59: | 0.6% |
| 05:00 to 05:59: | 0.6% |
| 06:00 to 06:59: | 2.4% |
| 07:00 to 07:59: | 5.3% |
| 08:00 to 08:59: | 5.6% |
| 09:00 to 09:59: | 6.8% |
| 10:00 to 10:59: | 9.7% |
| 11:00 to 11:59: | 6.2% |
| 12:00 to 12:59: | 6.2% |
| 13:00 to 13:59: | 6.5% |
| 14:00 to 14:59: | 6.5% |
| 15:00 to 15:59: | 4.7% |
| 16:00 to 16:59: | 3.5% |
| 17:00 to 17:59: | 5.9% |
| 18:00 to 18:59: | 9.4% |
| 19:00 to 19:59: | 6.8% |
| 20:00 to 20:59: | 4.4% |
| 21:00 to 21:59: | 3.2% |
| 22:00 to 22:59: | 2.1% |
| 23:00 to 23:59: | 2.1% |
| Online Mortgage Origination for the Province of | Percentage of applications |
|---|---|
| Alberta: | 20.94% |
| British Columbia: | 10.57% |
| Manitoba: | 2.06% |
| New Brunswick: | 2.43% |
| Newfoundland and Labrador: | 1.25% |
| Nova Scotia: | 3.28% |
| Northwest Territories: | 0.40% |
| Nunavut: | 0.10% |
| Ontario: | 48.07% |
| Prince Edward Island: | 0.53% |
| Quebec: | 3.97% |
| Saskatchewan: | 4.94% |
| Yukon Territories: | 0.41% |
| Location | Contribution | |
|---|---|---|
| 009: | BARRIE, ON | 0.823% |
| 010: | WINDSOR, ON | 0.804% |
| 011: | BURLINGTON, ON | 0.791% |
| 012: | GUELPH, ON | 0.681% |
| 013: | OAKVILLE, ON | 0.670% |
| 014: | CAMBRIDGE, ON | 0.642% |
| 015: | OSHAWA, ON | 0.627% |
| 016: | ST CATHARINES, ON | 0.540% |
| 017: | ETOBICOKE, ON | 0.529% |
| 018: | BRANTFORD, ON | 0.515% |
| 019: | RICHMOND HILL, ON | 0.512% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Qualification: | 23.2% | |
| Refinance: | 19.4% | |
| Purchase: | 14.7% | |
| First-time Buyer: | 14.4% | |
| No Money Down: | 11.8% | |
| Renewal: | 9.4% | |
| Variable Rate: | 2.1% | |
| Pre-approval: | 1.5% | |
| Equity Mortgage: | 0.9% | |
| Other: | 2.7% | |
| Total Application Types Found: 16 | ||
Average age: 37
Oldest age: 73
Youngest age: 19
The information below represents the average income of people living in Cambridge who have submitted an inquiry using the pre-approval application on the CanEquity Mortgage web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Cambridge: | $56,114.36 |
| applicants within all of Canada: | $59,498.47 |
| Difference: | ($3,384.11) |
| mortgage co-applicants in Cambridge: | $39,129.40 |
| co-applicants within all of Canada: | $42,403.13 |
| Difference: | ($3,273.73) |
The information shown below represents the residential status of people living in Cambridge who have applied for a home loan using the pre-approval application on CanEquity's web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 40.0% | |
| Own: | 51.2% | |
| Other: | 2.1% | |
| No Comment: | 1.2% | |
| Live with parents: | 5.6% |
The following table and pie chart represents the marital status of applicants from Cambridge, Ontario using the mortgage application found on canequity.com. Approximately 68% of the mortgage applicants are living common-law or married, while only 29% are not married or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 49.7% | |
| Single: | 21.2% | |
| Common-law: | 18.8% | |
| Separated: | 5.6% | |
| Divorced: | 2.9% | |
| Widowed: | 1.8% |
